Salomon & Ludwin LLC Sells 53,685 Shares of iShares S&P 500 Growth ETF (NYSEARCA:IVW)

Salomon & Ludwin LLC lessened its stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 707,791 shares of the company’s stock after selling 53,685 shares during the quarter. iShares S&P 500 Growth ETF comprises approximately 7.6% of Salomon & Ludwin LLC’s investment portfolio, making the stock its biggest holding. Salomon & Ludwin LLC owned approximately 0.14% of iShares S&P 500 Growth ETF worth $71,862,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Hantz Financial Services Inc. bought a new position in iShares S&P 500 Growth ETF during the fourth quarter worth about $40,000. Compass Financial Services Inc acquired a new stake in shares of iShares S&P 500 Growth ETF in the 4th quarter valued at approximately $40,000. POM Investment Strategies LLC boosted its stake in iShares S&P 500 Growth ETF by 194.8% during the 4th quarter. POM Investment Strategies LLC now owns 457 shares of the company’s stock worth $46,000 after acquiring an additional 302 shares during the last quarter. Element Wealth LLC grew its holdings in iShares S&P 500 Growth ETF by 31.1% during the third quarter. Element Wealth LLC now owns 577 shares of the company’s stock valued at $55,000 after purchasing an additional 137 shares during the period. Finally, Valued Wealth Advisors LLC increased its stake in iShares S&P 500 Growth ETF by 160.2% in the third quarter. Valued Wealth Advisors LLC now owns 601 shares of the company’s stock valued at $58,000 after purchasing an additional 370 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.2 %

Shares of NYSEARCA IVW opened at $106.63 on Friday. iShares S&P 500 Growth ETF has a twelve month low of $79.07 and a twelve month high of $107.14. The stock has a market cap of $55.86 billion, a price-to-earnings ratio of 28.52 and a beta of 1.14. The company’s fifty day moving average is $103.79 and its 200-day moving average is $98.13.

iShares S&P 500 Growth ETF Profile

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market.